Categories

Latest News

designer shop online ?Snowden responds to critics
well, this is one of the options thats always been open to, to go to the unhcr and register as a refugee here. this place was rife with rumors all this afternoon g designer shop online oing round legal circles saying that he

online stores for women ?The Free Dictionary Language Forums
But I dont think I must. And, at the same time, both corporations pay their Russian employees less than their US and EU colleagues. I can imagine plenty of businesses finding a gold mine in Russia and not bothering about fair

shopping outlet online ?Microsoft launches new Office
SEATTLE launched its new Office software on Tuesday, featuring constantly updated, online access to documents from a range of devices as the world largest software company attempts to tailor its most profitable product to a mobile generation.
The new Office suite of applications desktop

online shopping stores ?Asia stocks jump as US budget deal appears near
lawmakers edged toward a deal to stop hundreds of billions of dollars in automatic tax increases and spending cuts from taking effect that could throw the world biggest economy off a socalled fiscal cliff. Senate passed an emergency

bench outlet ?Euro zone deal lifts stocks
Twentysix of the 27 European Union leaders on Friday agreed to pursue stricter budget rules for the single currency area and also to have euro zone states and others provide up to 200 billion euros in bilateral loans to bench outlet the

outlet metzingen ?Tanzania building collapse death toll rises to 30
The death toll from the collapse last week of a building in Tanzanias largest city rose to 30 early today, according to a government agency statement.
Rescue workers have given up hope of finding more survivors after the 16storey building in

cheapest online shopping ?Molina Healthcare Selected to Preliminary Russell 3000 Index
Molina Healthcare, Inc. NYSE NYSE
See: New York Stock Exchange : MOH See modem on hold. announced today that it has been selected to be included in the preliminary list of companies that will join the Russell 3000R Index.

outlet berlin

Some of the tax changes under consideration would reduce house prices and raise rents, but they would also increase home ownership, Westpac economists say.

Their conclusions are based on a mathematic model which derives what a property investor would pay for a house based on such variables as rent, tax rates, interest rates, maintenance costs and longrun expectations for inflation and capital gains.

Houses not already taken by debtfree owneroccupiers are worth most to investors because they get better tax breaks than owneroccupiers with high debt.

Their conclusions also rest on a ruleofthumb assumption that onethird of the adjustment to a tax change outlet berlin would come through higher rents and twothirds through lower house prices.

How much lower depends on the tax change.

One change considered by the tax working group chaired by Professor Bob Buckle would cut the top personal tax rate from 38 per cent to 30 per cent.

That is because landlords normally pay more in deductible expenses and mortgage interest than they receive in rent, and they can use those tax losses to shelter other income, such as salary.

The tax working group has found that ownership of rental properties is skewed towards highincome people of working age, and that the sector as a whole claims more in tax deductions than it pays in tax.

Some of the cost of reducing the tax benefit of own outlet berlin ing a rental property would be recovered by higher rents; Westpac estimates they would rise about 8.7 per cent if the top income tax rate were cut to 30 per cent.

Another option under consideration is a tax on the unimproved value of land. The economists estimate a land tax of 0.5 per cent would cut the value of land by 11 per cent.

As land represents about 40 per cent of the value of the median house, that would cut house prices by 4.4 per cent, and on the basis of the assumed twoforone burden sharing raise rents 2.2 per cent.

The combination of a cut to the top income tax rate and the introduction of a land tax to replace the lost revenue would cut house prices by just under 17 per cent and raise rents by 8.4 per cent, Westpac reckons.

All these options, by making houses cheaper and renting dearer, are expected to boost home ownership.

Another option under consideration is to apply the riskfree return method to rental properties.

Instead of taxing r outlet berlin ents and allowing deductions for the expenses incurred in the course of earning rental income, owners of rental properties would be deemed to have earned 6 per cent on the net equity in their property and be taxed on that.

The impact would depend on how leveraged the investment is, but in all cases would be high, cutting the value of the house to an investor by anything from 26 per cent, for those who are debt free, to 34 per cent for someone 100 per cent leveraged.

A capital gains tax on rental properties would reduce their tax advantage and thus reduce prices by 15.7 per cent and raise rents by 7.8 per cent, the economists say. outlet berlin